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Department of Education: Revision of Federal Need Analysis Methodology

Federal Register, May 31, 2001, Page 29558

Agency

Department of Education

Action

Notice of revision of the Federal need analysis methodology for the 2002-2003 award year.

Summary

The Secretary of Education announces the annual updates to the tables that will be used in the statutory ``Federal Need Analysis Methodology'' to determine a student's expected family contribution (EFC) for award year 2002-2003 under Part F of Title IV of the Higher

Education

Act (HEA) of 1965, as amended (Title IV, HEA Programs). An EFC is the amount a student and his or her family may reasonably be expected to contribute toward the student's postsecondary educational costs for purposes of determining financial aid eligibility. The Title IV, HEA Programs include the Federal Pell Grant, campus-based (Federal Perkins Loan, Federal Work-Study, and Federal Supplemental Educational Opportunity Grant Programs), Federal Family Education Loan, and William D. Ford Federal Direct Loan Programs.

Further Information

Ms. Edith Bell, Program Specialist, U.S. Department of Education, 400 Maryland Avenue, SW (Room 4621, ROB-3), Washington, DC 20202-5444. Telephone: (202) 708-5591.

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